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FASB Issues New Standards for Not-for-Profit Financial Reporting 150 150 SAX - Advisory, Audit and Accounting

FASB Issues New Standards for Not-for-Profit Financial Reporting

For the first time in more than 20 years, not-for-profit financial reporting will receive a much-needed makeover.  On August 18, 2016, the Financial Accounting Standards Board (FASB) issued its new accounting standards for not-for-profit organizations. These rules are designed to help not-for-profits communicate their financial condition more effectively and eliminate unnecessary requirements from the previous…

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New Qualified Improvement Property Eligible for Bonus Depreciation 150 150 SAX - Advisory, Audit and Accounting

New Qualified Improvement Property Eligible for Bonus Depreciation

The Protecting Americans from Tax Hikes (PATH) Act of 2015 modified, extended and made permanent several provisions relating to bonus depreciation. One change that seems to have gone relatively unnoticed is a new category of building improvements — Qualified Improvement Property (“QIP”) — available for improvements to non-residential property placed in service after December 31,…

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SAX Announces 5th Annual 4 Miler at Garret Mountain to Benefit St. Joseph’s Children’s Hospital 150 150 SAX - Advisory, Audit and Accounting

SAX Announces 5th Annual 4 Miler at Garret Mountain to Benefit St. Joseph’s Children’s Hospital

Sept. 10th Event Marks Largest Charitable Initiative in Accounting Firm’s Year-Round Community Service Efforts   Clifton, NJ, May 31, 2016 – The Annual 4 Miler at Garret Mountain is returning to Woodland Park, N.J. for its fifth year on Saturday, September 10, 2016. Sponsored by SAX, the annual run/walk event has raised more than $230,000…

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SAX - Advisory, Audit and Accounting